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Private banks are given: the style of marginalization and targeting will not stand up economy
14.04.2015 5:52 p.m
Long-Presse / Baghdad
I returned Association of private banks in Iraq, on Tuesday, she was like the rest of the other sectors to economic marginalization for decades and the decay of its role, as denounced the style of "defamation" and the targeting of economic and banking figures, confirmed the retention of the right of reply to it in accordance with the principle of opinion and the other opinion.
The Association of private banks in a statement received received (range Press), a copy of it. "Commenting on the press statements of the Iraqi parliamentary Talal Zobaie, the Association of private banks in Iraq is seeking to clarify the following, including the points that these banks have suffered as do all sectors in our beloved Iraq and for decades to all economic marginalization policies. "
Private banks and indicated that "these things have led to the erosion of the role of banks, which calls for greater efforts to promote the banking sector in light of legislative and economic conditions and security difficult enhance the chances of advancement of such efforts, which have become a national task that must be addressed by everyone, including members of the House of Representatives by show responsibility by introducing topics of general interest.
Association added that "follow the style of defamation and targeting economic and banking figures will only lead to the weakening of the role of these characters in the advancement of the Iraqi economy."
And showed the Association in a statement, "We must at this stage to believe that sectoral agencies have a role in the management of the economy in the country, although there were no comments on the banking sector, the Central Bank of Iraq is the party that it must respond to it being a regulatory authority over private banks." .
She Association "that there was an intention legal action, the judiciary is concerned that the overlap in these actions and show views are not based on a clear vision would not serve the efforts to develop the economic sector and the head of the banking sector, which is the financial arm of his."
Association and added that "the Iraqi private banks, which operate under the regulatory authority of the Central Bank, a real partner in efforts concerning the maintenance of the Iraqi dinar exchange rate, a large national task starts banks out of concern for Iraq status and economic stability", pointing out that it "reserves the right to In response according to the law and the principle of show opinion and the other opinion and according to media contexts accepted. "
The specialize in the banking sector attributed, on the ninth of April 2015, the reason for the high dollar exchange rate against the dinar to the recent Central Bank of special procedures to deduct customs duties and taxes in advance, and called for a "freeze" the resolution, as expected continued decline in the value of the Iraqi dinar, stressed the need to cancel Article 50 of the budget.
The Iraqi Central Bank announced, in (17 March 2015), the adoption of a new mechanism for the payment of taxes and control the "money laundering" through the prepayment of taxes and customs of the goods entering Iraq, returned it will double the country's imports.
The bank decided in (28 March 2015) to meet 8% of tax rates and customs through special import by private banks.
It is noteworthy that the International Monetary Fund predicted in (21 March 2015), the high proportion of the deficit in the budget for Iraq in 2015 to more than the 12 percent announced by the government, due to lower oil prices, and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume the budget, The proposed implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and reconsider the limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
The current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million, with the exercise of justice in the sale, and claim the participant in the auction the bank providing the introduction of cargo documents and data Tax settling accounts and savings Alkmarki within 30 days from the date of purchase of the amount, and so it applies penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
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14.04.2015 5:52 p.m
Long-Presse / Baghdad
I returned Association of private banks in Iraq, on Tuesday, she was like the rest of the other sectors to economic marginalization for decades and the decay of its role, as denounced the style of "defamation" and the targeting of economic and banking figures, confirmed the retention of the right of reply to it in accordance with the principle of opinion and the other opinion.
The Association of private banks in a statement received received (range Press), a copy of it. "Commenting on the press statements of the Iraqi parliamentary Talal Zobaie, the Association of private banks in Iraq is seeking to clarify the following, including the points that these banks have suffered as do all sectors in our beloved Iraq and for decades to all economic marginalization policies. "
Private banks and indicated that "these things have led to the erosion of the role of banks, which calls for greater efforts to promote the banking sector in light of legislative and economic conditions and security difficult enhance the chances of advancement of such efforts, which have become a national task that must be addressed by everyone, including members of the House of Representatives by show responsibility by introducing topics of general interest.
Association added that "follow the style of defamation and targeting economic and banking figures will only lead to the weakening of the role of these characters in the advancement of the Iraqi economy."
And showed the Association in a statement, "We must at this stage to believe that sectoral agencies have a role in the management of the economy in the country, although there were no comments on the banking sector, the Central Bank of Iraq is the party that it must respond to it being a regulatory authority over private banks." .
She Association "that there was an intention legal action, the judiciary is concerned that the overlap in these actions and show views are not based on a clear vision would not serve the efforts to develop the economic sector and the head of the banking sector, which is the financial arm of his."
Association and added that "the Iraqi private banks, which operate under the regulatory authority of the Central Bank, a real partner in efforts concerning the maintenance of the Iraqi dinar exchange rate, a large national task starts banks out of concern for Iraq status and economic stability", pointing out that it "reserves the right to In response according to the law and the principle of show opinion and the other opinion and according to media contexts accepted. "
The specialize in the banking sector attributed, on the ninth of April 2015, the reason for the high dollar exchange rate against the dinar to the recent Central Bank of special procedures to deduct customs duties and taxes in advance, and called for a "freeze" the resolution, as expected continued decline in the value of the Iraqi dinar, stressed the need to cancel Article 50 of the budget.
The Iraqi Central Bank announced, in (17 March 2015), the adoption of a new mechanism for the payment of taxes and control the "money laundering" through the prepayment of taxes and customs of the goods entering Iraq, returned it will double the country's imports.
The bank decided in (28 March 2015) to meet 8% of tax rates and customs through special import by private banks.
It is noteworthy that the International Monetary Fund predicted in (21 March 2015), the high proportion of the deficit in the budget for Iraq in 2015 to more than the 12 percent announced by the government, due to lower oil prices, and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume the budget, The proposed implementation of reform measures include strict austerity in investment projects, and a commitment to reducing expenses, and reconsider the limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
The current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million, with the exercise of justice in the sale, and claim the participant in the auction the bank providing the introduction of cargo documents and data Tax settling accounts and savings Alkmarki within 30 days from the date of purchase of the amount, and so it applies penalties stipulated in the Central Bank Act or regulations issued it, and use other banking tools to maintain the strength of the dinar against the dollar.
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